On July 3, the House narrowly passed the One Big Beautiful Bill Act (OBBBA) with a 218–214 vote. According to the nonpartisan Congressional Budget Office (CBO), the bill will add an estimated $3.3 trillion to the budget deficit over the next 10 years. Trump signed the bill the next day on July 4. To help pay for it, OBBBA| Financial Samurai
I’m convinced that if you wake up just one hour earlier every day for the next 10 years, you’ll not only accomplish far more, but also build significant wealth and unlock countless opportunities in life. Conquering the magic of the morning—while most are still asleep—will give you a massive edge. I’m reminded of this truth| Financial Samurai
Fat FIRE (Financial Independence Retire Early) is being able to live it up in retirement without having to sacrifice your spending. If you are Fat FIRE, you can easily survive without a job because your investment income more than covers your best life's living expenses. You don't need to work part-time or do anything to| Financial Samurai
If there's a car in your blind spot and you swerve suddenly, there's a good chance you'll get into an accident. Your accident will not only cost time and money to fix, you might also suffer an injury or even die. If you have financial blind spots, the consequences can be just as severe. I can't teach you| Financial Samurai
Money dysmorphia is a negative and unrealistic perception of one's financial wellness or position. If you have money dysmorphia, you might constantly worry about your finances, even if you are doing well for your age. One significant reason for experiencing money dysmorphia is the unhealthy comparison with others facilitated by social media platforms like Instagram,| Financial Samurai
There's a classic saying, 'Youth is wasted on the young.' It's meant to convey that those who are young lack the perspective to appreciate all the advantages of youth and thus take it for granted. After more than seven years of being a parent, it is clear to me that not having kids is a| Financial Samurai
Recently, I temporarily went broke because I improperly managed my private investment capital calls. Because this happened, I thought I'd discuss some straightforward solutions to ensure you always have liquidity. If you are a new private fund investor or plan to invest in more private funds to diversify your investments, please learn from my errors.| Financial Samurai
Net worth composition for the top 1%| Financial Samurai
I once encountered an actor in Paris who had secured minor roles in significant films, courtesy of his friendship with Leonardo DiCaprio. Despite having the opportunity to continue with these smaller roles due to his connections, his pride led him to pursue larger roles. Regrettably, 10 years later, I haven't seen him in a single| Financial Samurai